In my experience, yes, so far. Most people on this forum will agree that this is probably the best deal for the money out there.
One caveat: the glass on this scope is NOT in the same league as Leupold, Zeiss, etc. It's definitely a bit darker and murkier than a top-end scope, and it does not have an adjustable objective. This is not to suggest that the sight picture is crappy, however (because it is not). It's just not as crisp or vibrant as a Leupold. On the other hand, we are engaged in shooting, not photography or bird-watching, and all we need is the ability to resolve the target and shoot repeatably. This scope definitely works on that level, and works well.
I've got mine mounted on a serious .308 target rifle and it has not let me down yet. I would not hesitate to recommend this scope highly.